With partner and fellow billionaire Eduard Shifrin, owns Midland Group, which has a big stake in Zaporizhstal, the fourth-largest steel mill in Ukraine. Also has interests in steel trading, real estate, retail and manufacturing in Russia, Ukraine and Siberia. A busy year for the Canadian of Russian descent. Sold his beloved MF1 Racing team to Dutch sports car maker Spyker after a second year at the bottom of the Formula 1 roster—a blow to his dream of bringing F1 racing to Russia. Also sold off Red October, a Russian steel mill, to a joint venture controlled by the Russian government's weapons=manufacturing company, Rosoboronexport. Invested in private U.S. oil and gas exploration company, Magellan Energy. Also became major investor in Canadian steel supplier Royal Laser Corp. Company is already growing, making its first local acquisition soon after. Stil awaiting construction on a long-delayed Toronto hotel project with Donald Trump. With partner and fellow billionaire Eduard Shifrin, owns Midland Group, which has a big stake in Zaporizhstal, the fourth-largest steel mill in Ukraine. Also has interests in steel trading, real estate, retail and manufacturing in Russia, Ukraine and Siberia. Late last year rebranded his Jordan Formula One team; renamed it MF1 Racing and got new team colors, a Toyota engine and the first-ever Russian Formula One racing license. His team came in last place in 2005, but there's always this year. Sold his Armenian electric grid to Russia's Unified Energy Systems for a reported $90 million last summer, despite some opposition to selling to Russia. The condo tower he is building in Toronto with Donald Trump, advertised as the tallest in Canada, has stalled amid slow sales; has yet to break ground. Now investing in real estate in and around Moscow. OLD BIO: Russian-born Canadian just bought the Jordan Formula One team and is building Toronto's tallest building with Donald Trump. Owns half of privately held Midland Resources, which used profits from Ukrainian steel it traded in 1990s to buy big stakes in privatizing steel mills, including Zaporizhstal, the fourth-biggest steel mill in Ukraine. He is currently negotiating to sell another former state-owned jewel, Armenia's electricity grid, for $100 million to one of several bidders.